The story of this market
The typical home in ZIP 54868 sells for about $282,000, or $158 per square foot.
Prices are up +4.1% from a year ago, so sellers still have some momentum. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $872 a month.
ZIP 54868 — Rice Lake
The housing market in 54868 shows steady appreciation with a median home value of $282,000, reflecting a balanced environment between buyers and sellers. Inventory remains constrained, which continues to support price growth despite broader national economic uncertainty. Local demand is driven by the area's role as a regional employment and service hub.
This area is well-suited for families and retirees seeking a small-town lifestyle with access to lake-based recreation and a stable, affordable cost of living.
Median prices moved up 4.1% year over year.
Homes spend a median of 92 days on market with 6.2 months of supply — a slower-moving market.
19% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 9.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 54868, Barron County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the area are generally lower than the national average, with property crime being the most frequently reported incident type.
Schools serving the area are part of the Rice Lake Area School District, which maintains a solid reputation for student performance and community engagement.
The region faces moderate risks related to winter weather and occasional flooding near local waterways, with standard insurance coverage typically sufficient.
Economic momentum is driven by local manufacturing, healthcare, and retail sectors, with steady infrastructure maintenance supporting the regional hub status.
Property taxes are assessed at the county level based on fair market value, with specific mill rates determined by local municipal and school district levies.
Commutes are primarily car-dependent, with most residents traveling within the immediate county for employment; transit options are limited.
The area features extensive access to outdoor recreation, including Rice Lake, numerous public parks, and trail systems for hiking and snowmobiling.
The rental market is characterized by low vacancy rates and steady demand, with limited new multi-family construction keeping supply tight.
The economy is anchored by healthcare services, manufacturing, and regional retail, serving as a commercial hub for Barron County.
Transportation is primarily served by regional highways; public transit is limited to local dial-a-ride services.
Development is focused on modest residential infill and commercial upgrades within the existing city footprint.
Parcels are subject to municipal, county, and school district taxes, with no major MUD/PID districts reported.
Property insurance rates are stable, though coverage for winter-related damage is a standard consideration for homeowners.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major recreational lake offering boating, fishing, and swimming.
Central community park with picnic areas and walking paths.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.